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NABTEB Accounting 2020 Objective — Question 15

Question 15 of 50 from the National Business and Technical Examinations Board (NABTEB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

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Using the information in Q14, the margin would be

  • A. 2/3
  • B. 3/5
  • C. 2/5Correct
  • D. 1/5

Explanation

Margin = Profit/Selling price = 8,000/20,000 = 2/5.

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